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with us to find out who it is. wall street is obsessed. washington stocks fell for the second straight day. >> they will place higher and higher taxes on small businesses and family farms and on every working family so that government may once again grow at the people's expense. >> that was the famous line from president reagan in 1984 and really nothing has changed. we put together some numbers for you. for 2012, it is going to come in at $3.7 trillion. at 11:00 am eastern time tomorrow, cnbc is going to show it live. president obama is heading back out on the road to sell his fiscal solution. meanwhile, not everybody is happy with his barnstorming. sitting down and working out an agreement, he is back on the campaign trail presumably with the same old talking points. what we don't know is if he can lead his party to a bipartisan agreement on bis issues like we currently face. to explain these mysterious incantations, we are pleased to welcome back senator toomey. there is about a month to go. how is this going to end? help us out. >> i sure wish i knew. i think the opportunity is still t
>> the worst week in you want to point fingers? point them at washington. good evening, everyone, this is "the kudlow report." >> the president urged both sides of the aisle to get america's fiscal house before we fall off the cliff 52 days from now. what if they're arguing about the difference between tax loopholes and marginal tax rates. that's the debate. >> you mark my words. there's no way that the entire tax hike would be allowed to take place. no way. in terms of investment strategy, it is ridiculous that we'll be facing this. why all of the bickering when it equates to just one quarter of 1% of gdp. all right, supply side art mentor will join us to discuss. >>> also tonight, a shocker, david petraeus quits in disgrace or was he forced out just days before he was to testify in front of congress over the benghazi embassy terror attack. will we ever get the real answers? was the threat of blackmail behind this? >> we begin this evening with the president pushing congress to come together right now and solve the fiscal cliff mess. let's give peace a chance. >> cnbc's chief wa
that and really concentrate the mind of these dopes in washington. >> wasn't it bob ruben who said during the clinton years -- or james carville -- the same thing. look what happened, clinton cut the rate and you had a huge rally in stocks and bonds. the stork market may do the same thing here. >> if you want to root for a bullish stock market, maybe in the short term, let's get a deal going and then do tax reform and entitlement reform. meantime, i think stocks are warping these guys you're going to put us on the precipice of a recession, and that's bad for earnings and stocks. >> the fed has done the same thing. they've come out in recent weeks and said instead of just buying $45 billion of bonds every month, we may have to double that and extend it out further. >> richard fisher of the dallas fed told me last night they don't do that. actually, that's not fair. he said in his opinion they shouldn't do that. we don't know, you might right. mike of "forbes," thank you very much. >>> this is truly the video of the day. the israelis get their man. the military head of hamas taken down with
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